Caroline Ellison to Forfeit Assets in FTX Settlement, Hearing Set for Nov. 20

Oct 9, 2024, 09:47 AM

Former Alameda Research CEO Caroline Ellison has agreed to forfeit nearly all her assets to FTX creditors as part of a settlement. The agreement requires her to hand over 'substantially all' of her remaining assets, except for personal items. A hearing regarding this settlement is scheduled for November 20, 2024. This move is part of FTX's efforts to repay its creditors. The deal also involves cash and cooperation from Ellison.